Elon Musk’s SpaceX goes public with biggest IPO

(CNN)– SpaceX officially went public Friday, June 12, making history as the largest initial public offering on record.

Shares opened just above $150 a share, up 13% from a target price of $135.

That stock surge officially made SpaceX CEO Elon Musk a trillionaire.

Early trading also boosted the company’s market value above $2 trillion.

According to SEC filings, SpaceX planned to sell 555.6 million shares, raising at least $75 billion.

SpaceX has become a major player in artificial intelligence in addition to its rocket and satellite business.